Authors

Title

Country(ies)

Years

Data Sources

Sample (main)

Dependent Variables

Independent variables

Econometric model

Savignac (2008)

Impact of financial constraints on innovation: what can be learned from a direct measure?

France

1997-1999

FIT Survey

5500

Firms

Propensity to Innovate Level of Financing Constraints

Level of Financing Constraints

Recursive Bivariate Probit

Mancusi & Vezzulli (2010)

R & D, Innovation and Liquidity Constraints

Italy

2001-2003

Capitalia Survey

29,991

Firms

Conduct R & D Desired Additional Financing

Desired Additional Financing

IV Tobit, Recursive Bivariate Probit

Blanchard et al. (2013)

Where there is a will, there is a way? Assessing the impact of obstacles to innovation

France

2002-2004

Community Innovation Survey 4

19,214

Firms

Innovation output Financial Obstacles

R & D Intensity, Financial obstacles

Trivariate probit

Segarra-Blasco et al. (2018)

Financial constraints and the failure of innovation projects

Spain

2004-2010

PITEC

4882

Firms

Abandon an Innovation Project Perceived Financial Constraints

Financial Barriers, R & D Intensity

Recursive Bivariate Probit

Brancati (2015)

Innovation financing and the role of relationship lending for SMEs

Italy

2008-2009 2011

MET database

13,550

Firms

Innovation output Financial Constraints on Investments

Conduct R & D

Recursive Bivariate Probit

Khan et al. (2017)

Innovation and Access to Finance: International Evidence from Developing Markets

Global (21 countries)

2010-2016

World Bank Enterprise Survey

26,700

Firms

Innovation output index Product Novelty Access to Finance

Access to Finance

Logit, Probit, Bivariate Ordered Probit

Santos & Cincera (2022)

Determinants of Financing Constraints

Europe

2014-2018

Survey of Access to Finance

27,546

Firms

Innovation output Access to Finance

Innovation output

Recursive Bivariate Probit